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Saudi Aramco to Expand Huge Gas Plant as Global Demand Surges and Market Dynamics Shift
Saudi Aramco is moving ahead with plans to expand the Fadhili gas processing facility in the kingdom’s Eastern Province as part of its strategy to tap vast and under-developed gas resources within Saudi Arabia, according to a report in Bloomberg.
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Dolce & Gabbana Launches Flagship Saudi Store at Via Riyadh after Approaching KSA Market with ‘Caution and Respect’
Fashion icon Dolce & Gabbana unveiled a unique strategy for Saudi Arabia, opening up a flagship new store in Via Riyadh after approaching the market with “caution and respect,” Vogue Middle East reported.
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KSRelief Spearheads Saudi aid to Gaza and the Globe
King Salman Humanitarian Aid and Relief Centre (KSRelief) provides humanitarian aid and relief to people outside of Saudi Arabia’s borders. KSRelief was established by King Salman bin Abdulaziz in 2015 and works in 46 countries, with a focus on the Middle East and North Africa region.
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Biden’s Oil Boom
Reuters reports that during the Biden administration not only has oil production hit record highs but energy company profits, dividends, drilling permits, jobs and energy exports are all up.
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PIF Increases Investment in Lucid
Ayar Third Investment Company, a PIF affiliate, will buy $1 billion in convertible preferred stock and will be able to convert the preferred stock into about 280 million shares, according to a regulatory filing with the U.S. securities regulator.
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Saudi Arabia to join Miss Universe for the first time
27-year-old model, influencer, and beauty pageant veteran Rumy AlQahtani announced on Instagram that she will be representing Saudi Arabia in 72nd Miss Universe contest in Mexico later this year.
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Hyundai and Red Sea Global Agree to Test EVs and Air Mobility Systems
Hyundai Motor Group said on Monday it has agreed with Saudi Arabia’s state-sponsored developer Red Sea Global (RSG) to cooperate in the Middle Eastern country’s push for electrification and other eco-friendly future mobility projects.
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Saudi Film Commission Reports Impressive 2023 Growth Statistics
Published in Screen Daily, the Saudi Film Commission reported on topline 2023 metrics for Saudi Arabia’s growing film industry. With more than 50% of the Saudi population under 25, there is a significant appetite for cinema, particularly for US action films, Egyptian comedies, and Saudi narratives.
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FIFA Series 2024 Friendly Matches Kick Off in Jeddah
The FIFA Series: Saudi Arabia A will be held in Jeddah, Saudi Arabia from March 21–26, 2024. The event will feature two groups, including Cambodia, Equatorial Guinea, Guyana, and Cape Verde. The series is designed to help national teams that do not often play teams from other confederations, and FIFA will cover the teams’ travel costs. There will be […]
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NYT Reports on Proposed $40B Saudi AI Investment
The New York Times’ Maureen Farrell and Rob Copeland report that Saudi Arabia is working with Wall Street banks to establish a $40 billion AI-focused investment fund.
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MUST-READS
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Saudi Arabia’s new $22bn 109-mile Riyadh Metro to connect desert with cities
The project comprises a metro network, a bus network, and other transport services. The metro will have six lines, 85 stations, and will cover 109 miles. The city’s ambitious goals include transforming Riyadh into an international business hub and improving its image in front of the world.
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Gazans Flee Danger of Rafah for Uncertainty of Crowded Camps
Seven months into the war between Israel and Hamas, chaos is rising, and so are prices. A tent, the most basic shelter, can cost $1,000. A ride from the southern city of Rafah, now in Israel’s crosshairs, to the declared safety zone of al-Mawasi can be $270. It used to cost about $13. And those who are fleeing jam-packed Rafah find the al-Mawasi safe zone itself overcrowded and squalid — and perhaps not even safe from fighting.
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U.S. weapons may have been used in ways “inconsistent” with international law in Gaza, U.S. assessment says
The report states that though there are allegations that Israel violated international humanitarian law during the period covered by the report, Jan. 1, 2023 through late April of this year, the U.S. doesn't have "complete information" on whether U.S. weapons were used in those actions. Its authors cite the difficulty of determining facts on the ground in an active war zone as well as Hamas's use of civilian infrastructure for military purposes.
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Saudi Arabia’s billion-dollar football league a work in progress
None of the Saudi teams reached the Asian Champions League final, hosts Al Ittihad exited in the second round of the Club World Cup in Jeddah, and Roberto Mancini's Saudi national side lost in the Asian Cup's last 16. Al Hilal were so dominant that they won 34 consecutive games in all competitions -- a record for a top-flight team -- and remain unbeaten in the Pro League.
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Tawaref Series: Understanding annual operating cost in Saudi Arabia
As you can see, there is a major cost difference between operating an early-stage startup and small traditional business. The startup is less expensive to operate across every category, with the most notable difference being observed in commercial registration and third party costs. From our analysis, we have identified the following ways you can cut OpEX costs.
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CENTCOM Commander Visits the Kingdom of Saudi Arabia
From May 9-10 Gen. Michael Erik Kurilla, commander of U.S. Central Command, traveled to the Kingdom of Saudi Arabia to meet with leaders of the Saudi Royal Armed Forces and senior U.S. diplomats. The visit is part of an ongoing multi-country trip to the CENTCOM area of responsibility. While in Saudi Arabia, Gen. Kurilla engaged with Chief of General Staff, Gen. Fayyadh al-Ruwaili and other Saudi senior military leaders. The leaders discussed shared regional security concerns, the status of humanitarian assistance into the Gaza Strip, and further opportunities to partner on innovation of defensive technologies.
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China’s former ambassador to Iran takes on same role in Saudi Arabia
China’s former ambassador to Iran, Chang Hua, has been transferred to Saudi Arabia as part of a regular diplomatic reshuffle.
The move follows last year’s Chinese-brokered deal between the states to restore diplomatic relations.The embassy in Riyadh announced the appointment and Chang’s arrival on Friday. In his inaugural address he said the embassy is “committed to promoting exchanges and cooperation between [China and Saudi Arabia] actively practising ‘diplomacy for the people’, and providing dedicated services to Chinese citizens” in Saudi Arabia.
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Saudi Arabia offers financial incentives to 490 factories: Official
Financial incentives were offered to more than 490 factories through several initiatives and programs within the Future Factories Program, said Al-Bader Fouda, Acting Undersecretary of Industrial Development and Supervisor of the Empowerment Agency.
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Saudi Esports Investment: $1.5 Billion Merger Finalized
Rick Horrow breaks down the state of Esports after the $1.5 billion Saudi Arabian merger. This now includes college scholarships and an Esports World Cup.
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U.S. energy secretary to visit Saudi Arabia, UAE next week, officials say
U.S. Energy Secretary Jennifer Granholm will visit Saudi Arabia and the United Arab Emirates next week to work on “climate co-operation” and other issues, two Biden administration officials told Reuters on Friday. The visit will run from Tuesday through Thursday, with Granholm visiting the UAE first, one of the officials said. It will be her first trip to the region as secretary.
“The visit is a continuation of long-standing engagement between the U.S. and this region,” the officials said. - 10 of 57809 results<< 1 … 3 4 5 … 5,781 >>